VIC 25.0% 0.3¢ victory mines limited

Ann: Voluntary Suspension Extension, page-7

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  1. 6,289 Posts.
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    This has become a joke. If it is true and they are waiting for the ASX to give them another letter following the 11 October 2018 response and that letter still has not come someone at the ASX needs to be flogged and sacked.  If the ASX has issued them emails and/or the letter then all the Board needs to be sacked - they should be sacked in any event but provides a further reasoning for them to be sacked.


    You can't have a stock in suspension this long waiting for a ASX letter, if that is true.


    VIC needs to do some drilling but ironically I doubt it can without funds (and how do you raise when in suspension even from placement holders knowing the company is in suspension).  Becoming a viscous circle of a slow and painful death.  Either the ASX charge someone or let the stock trade as long term suspension is equivalent to a slow death of the company in any event.  I doubt the stock will trade even if VIC asks for it to be reinstated to end the period of Voluntary Suspension, because I suspect the ASX will just suspend it anyway but if VIC is confident the ASX will not, do that then and simply ask for Reinstatement to Quotation (if it is indeed true the delay is because of ASX incompetence).


    Having said that TC and his mates need to go, as I guess that is what the ASX really wants here, and what most SH want here given the cosy relationships between some members of the Board and Everblu (which got us in this mess in the first place).  SH need to vote no to all resolutions and there are ample reasons to do so.


    All IMO



 
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